Tech Mahindra partners IQM Quantum Computers for research in quantum computing

Indian IT firm Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and IQM Quantum Computers, the European major in quantum computers, have signed a Memorandum of Understanding (MoU) for research in quantum computing. 

"The organisations will explore synergies in mutually beneficial areas of quantum computing, cryptography, and communication technologies," Tech Mahindra said in a statement.

As part of the partnership, the organisations will jointly develop new quantum computing offerings for various industries including healthcare, cyber security, and banking, among others. They will further co-develop and market quantum technology use cases in India and Finland.  

"We have collaborated with IQM Computers with an aim to set new standards in the research and development of commercially viable use cases across industries," Nikhil Malhotra, Global Head, Makers Lab, Tech Mahindra, said, adding that this collaboration will "help Tech Mahindra and IQM Computers expand their global footprints in Quantum Computing by leveraging synergies".

Tech Mahindra has been working to accelerate the adoption and commercialisation of quantum technology globally. In line with this, the organisation is also setting up its Quantum Centre of Excellence – QNxt in Helsinki, Finland. 

Further, both organisations will strengthen their research and design capabilities and quantum computing offerings. 

Juha Vartiainen, Chief Operating Officer and Co-founder of IQM Quantum Computers, said, “This announcement highlights our commitment towards India and our commitment to accelerate the global ecosystem through collaboration." 

"Along with the government, academia, and industry, the Indian quantum ecosystem is growing rapidly, and we are excited to see companies such as Tech Mahindra leading this growth.” said Vartiainen.

Finland and India have strong ties in science, technology, and innovation and both the countries are working towards establishing the Indo-Finnish Virtual Network Center for quantum computing. 

The Indian government plans to invest ₹8,000 crore ($1Billion) to the quantum industry over the next five years in various programmes. Finland, on the other hand, has one of the world leading quantum ecosystems, with decades of research in quantum technologies, and a strong government support, venture capital community and research network.